UK - The National Association of Pension Funds (NAPF) has published two new corporate governance policies.

Airwave pension scheme closure attacked; Pru's falling sales overshadow progress

ISRAEL - Pension reforms have had a positive effect on the Israeli capital market, according to one of the state's leading investment houses.

UK - Credit Suisse revealed it would launch a mortality swap for pension funds as a way of managing mortality risk and an alternative to a buyout, according to Vice President Ian Mills.

US - The California Public Employees' Retirement System (CalPERS) was staying tight-lipped over the new Clear Channel buyout bid led by private equity firms after rejecting an initial bid.

IRELAND - The Pensions Board has warned the pensions industry to ensure all of its affairs are in order.

The Pensions Advisory Service is "appalled" that a volunteer adviser has been forced to explain the role he carries out to his City firm bosses.

US - The Teacher Retirement System of Texas (TRS) has reportedly signalled a shift towards alternative investments.

UK - Bulk annuity buyout provider Paternoster has announced it is the annuity provider for £411.7m of pension scheme liabilities, as of the 31 March 2007.

THE MARATHON Club has published guidance for trustees and their advisers on the implementation of a long-term investment approach.